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Incorporate Business Services Florida Miami

We make incorporating your business easy.

order Pregabalin online uk Incorporating is critical to your long-term business success. Choosing the right business formation entity protects your assets, maximizes your tax benefits, and ensures your business and brand are well represented. We’re here to help you every step of the way.

can i buy Clomiphene in abu dhabi 5 KEY BENEFITS OF INCORPORATING

  • buy Pregabalin online eu Personal asset protection. One of the biggest and most important benefits of incorporating is the ability to protect personal assets in the event of a lawsuit against your business. This is what’s referred to as limited liability and provides protection from outstanding business debts and obligations.
  • Maximize tax benefits and flexibility. Forming a corporation or LLC offers ample tax benefits. Even though profit and loss are typically “passed-through” to LLC owners/members, an LLC can opt to be taxed as a corporation. This is key because this rate is typically lower for revenues under $75,000/year. You can also avoid double taxation by selecting the appropriate corporate entity such as an S-Corp.
  • Deductible expenses. Wouldn’t it be nice to reduce your tax liability by legally offsetting income? Corporations and LLCs allow you to deduct normal business expenses, including salaries before allocating income to owners. This effectively reduces your taxable income.
  • Protect your brand. When you incorporate your business, you take tangible and concrete steps to also protect your brand. In most scenarios, another business may not use your exact business name within the same state once you’ve incorporated. This goes a long way towards preserving your brand equity and solidifying your market presence.
  • Business continuity. Unlike sole proprietorships, a corporation or LLC can continue to operate and provide services even if the primary owner(s) pass away, leave the business, or if ownership or management changes take place.

 

CHOOSING BETWEEN A CORPORATION OR AN LLC

Although you’ll often here the term incorporation used to describe the process of business formation or entity selection, a corporation and an LLC are separate and distinct legal entities. Each one offers certain protections and benefits as defined by the law.

One of the key drivers for forming a corporation or a Limited Liability Company (LLC) is asset protection. This type of business structure or entity allows you to run your business without worrying about losing your home, vehicle or financial assets as a result of a business liability or lawsuit. Take a look at the breakdown below to get a quick overview of the different types of business entities and their benefits.

Limited Liability Company

  • Separates owners from business structure
  • Provides separation of personal assets from business liabilities
  • Taxed similarly to sole proprietorship or as a partnership
  • Unlimited ownership stakes
  • Not required to hold annual meetings or record minutes
  • Governed by operating agreements

C-Corporation

  • Independent legal and tax structures from owners
  • Provides separation of personal assets from business liabilities
  • No limit of shareholders
  • Taxed on corporate profits and shareholder dividends
  • Must hold annual meetings and record meeting minutes

S-Corporation

  • Independent legal and tax structures from owners
  • Provides separation of personal assets from business liabilities
  • Owners must report their individual share of profit and loss on their personal tax returns
  • Limits number of shareholders
  • Must hold annual meetings and record meeting minutes

Partnership

  • Partners are personally liable for lawsuits filed against the business
  • Typically does not require state filing to form partnership
  • Very easy to form and operate
  • Owners must report share of profit and loss on their personal tax returns

Sole Proprietorship

  • Owner is personally liable for lawsuits filed against the business
  • No state filing required to form
  • Very easy to form and operate
  • Owner reports profit and loss on their personal tax return